Read more about GAIL (India) Ltd down for fifth straight session on Business Standard. GAIL (India) Ltd is quoting at Rs 142.5, down 0.73% on the day as on 13:19 IST on the NSE. The stock jumped 90.89% in last one year as compared to a 66.58% rally in NIFTY and a 76.03% spurt in the Nifty Energy index.
Read more about Confidence Petroleum allots 1.01 cr equity shares on conversion of warrants on Business Standard. At board meeting held on 14 March 2021
Indian Energy Exchange (IEX) jumped 8.43% to Rs 334.50, rising for the second trading session.Shares of IEX surged 11% in two trading days from its previous closing low of Rs 301.25 on 9 March 2021. The counter hit a record high of Rs 349 in intraday today. The stock is up 200% from its 52-week low of Rs 111.05 posted on 23 March 2020.
On the BSE, 4.89 lakh shares were traded in the counter so far compared with average daily volumes of 2.11 lakh shares in the past two weeks.
The counter saw demand after the company on Wednesday announced a strategic divestment of 26% of its equity holding in Indian Gas Exchange (IGX) to National Stock Exchange of India and additional 5% equity holding to ONGC. Under the agreement, NSE will purchase 1,92,07,500 equity shares having a face value of Rs 10 each representing 26% stake of IGX from IEX for Rs 19.20 crore. Further, ONGC will purchase 36,93,750 equity shares representing 5% stake in IGX from IEX for Rs 3.69 crore.
Infosys said that its business process management arm Infosys BPM has on Thursday announced a five-year extension to its strategic collaboration with Newmont Corporation, the world s largest gold mining company, to standardize and digitize delivery models across its mine sites.
Wipro on Wednesday announced the appointment of Pierre Bruno as chief executive officer for Europe. Pierre Bruno will lead Wipro s business in six distinct regions across Europe. This appointment, a bold indication of the company s continued investment and focus on the European market, builds on Wipro s momentum across the region in recent years, Wipro said in a statement.
The board of BPCL will meet on Tuesday, 16 March 2021, to consider a proposal for declaration of the second interim dividend for the FY2021.
Read more about Utilties stocks edge higher on Business Standard. Utilties stocks were trading in green, with the S&P BSE Utilities index increasing 29.98 points or 1.4% at 2171.15 at 09:48 IST.